A Contract Formed by Performance of Actions Requested by Another

question 542

Multiple Choice

A contract formed by performance of actions requested by another party may be called:

• A) a voidable contract
• B) a contract with a promissory estoppel clause
• C) a pre-textual agreement
• D) a unilateral contract
• E) a parol evidence contract

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Definitions:

Right to "Cover"

The right of a buyer to purchase substitute goods when a seller fails to fulfill their contract obligations, and to seek damages from the seller for any loss incurred.

Installment Plan

A method of payment for goods or services in which a customer agrees to pay the price in periodic installments over a set period of time.

Statute of Limitations

The legal time limit within which a lawsuit or criminal charge must be filed after an alleged offense or harm.

Consequential Damages

Indirect damages that can be recovered if they were reasonably foreseeable at the time the contract was made and result from a party's breach of contract.